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Ethereum Dencun launch to solve scaling woes
In a much-anticipated move, Ethereum developers are putting the final touches on the Dencun upgrade, a two-pronged overhaul combining upgrades to both the network’s execution and consensus layers. The blockchain is targeting a mainnet launch this month in March 2024, a pivotal moment that could address long-standing scaling constraints hampering wider enterprise adoption. The key…
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Starknet’s Upcoming STRK Token Distribution
Starknet Foundation outlined plans to distribute over 700 million STRK governance and utility tokens to nearly 1.3 million wallets in the project’s debut token offering starting Feb. 20. The not-for-profit categorized the crypto giveaway as provisions meant to decentralize the layer-2 network and encourage community participation. Developers leveraging Starknet’s zero-knowledge cryptography to build dApps, Ethereum…
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EigenLayer’s meteoric rise to $1B in deposits after raising caps
EigenLayer orchestrated a remarkable surge in deposits, after its strategic decision to raise the deposit cap, catapulting its total beyond the $1 billion mark. EigenLayer’s distinctive feature lies in its approach to restaking, allowing users to commit liquid staking tokens seamlessly across various decentralized applications on the Ethereum network and beyond. The impact of this…
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EigenLayer’s LST Integration and Caps Expansion
EigenLayer is making significant advancements by integrating six new Liquidity Staking Tokens (LSTs) into its protocol. This includes notable tokens such as wBETH, osETH, swETH, AnkrETH, EthX, and oETH. The integration, slated for December 18th, adopts a simultaneous approach for all six LSTs to streamline the process and enhance engineering efficiency. The recent election contest,…
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BasedApp Launches XSGD Rewards Program Offering Up to 1.5% Interest
Singapore-based fintech startup BasedApp unveiled a new rewards program allowing its debit card users to earn up to 1.5% annual percentage yield (APY) interest on XSGD stablecoin deposits. The move aims to boost adoption of XSGD while providing BasedApp clients with an easy way to earn crypto yields. “As a homegrown Singapore fintech, we’re thrilled…
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Ethereum Dencun upgrade slated to launch in early 2024
Dencun will mark a significant milestone in the blockchain’s evolution towards becoming a scalable settlement layer, its primary impact will be a substantial increase in data availability for layer-2 rollups through a groundbreaking protocol known as proto-danksharding. This, in turn, will lead to a notable reduction in rollup transaction costs, benefitting end-users. To better understand…